Replication data for: Household Asset Allocation, Offspring Education, and the Sandwich Generation

Principal Investigator(s): View help for Principal Investigator(s) Vicki L. Bogan

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Project Citation:

Bogan, Vicki L. Replication data for: Household Asset Allocation, Offspring Education, and the Sandwich Generation. Nashville, TN: American Economic Association [publisher], 2015. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-12-07. https://doi.org/10.3886/E116309V1

Project Description

Summary: This paper finds households with children and elderly dependents, the "Sandwich Generation," significantly reduce both college savings and stockholding. Having any elderly dependents decreases the probability of both stockholding and college savings by twice as much as poor personal health. Hence, these results have critical implications as they demonstrate the importance and magnitude of links between the pension system, college financial aid, and wealth accumulation. Elderly dependents limiting parental funds for offspring education can decrease offspring long-term earnings potential via decreased human capital accumulation. Furthermore, decreased stock holdings can decrease long-term wealth accumulation and thus intergenerational wealth transfers.

Scope of Project

JEL Classification:
      D13 Household Production and Intrahousehold Allocation
      D14 Household Saving; Personal Finance
      I22 Educational Finance; Financial Aid
      I23 Higher Education; Research Institutions
      J24 Human Capital; Skills; Occupational Choice; Labor Productivity
      J31 Wage Level and Structure; Wage Differentials

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Published Versions

V1 [2019-12-07]

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